News Brief: Boeing and Embraer, a Brazilian regional-jet manufacturer, today confirmed that they’re discussing a “potential combination” in the wake of a Wall Street Journal report suggesting that Boeing was looking into acquiring the company, Brazilian President Michel Temer said he’s in favor of negotiations but insisted that “Embraer will never be sold,” according to a report from Folha de S.Paulo. Embraer is in direct competition with Canada’s Bombardier, which has been the focus of a Boeing trade complaint. A Boeing-Embraer combination would counter the Airbus-Bombardier deal that was announced in October. Embraer’s share price spiked on the news, while Boeing’s shares were relatively unchanged. For more, check the WSJ report.
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